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Bybit Pay is the payment solution launched by Bybit to bridge the gap between Web3 and traditional Web2 payments through innovative real-world solutions and partnerships.
Bybit Pay recently announced a collaboration with AEON, enabling users in Vietnam and the Philippines to make crypto payments seamlessly through popular national QR code payment networks — VietQR and QR PH. This partnership brings a new level of real-world utility to cryptocurrencies, enabling users to spend their assets effortlessly at supported merchants.
Let’s explore what Bybit Pay is, what AEON is and how you can use both to make instant crypto payments in Vietnam and the Philippines. From now through Jun 30, spend with Bybit Pay and stand a chance to get Bitcoin airdrop cashback!
Key Takeaways:
Bybit Pay now supports payments via AEON at local merchants using VietQR in Vietnam and QR PH in the Philippines.
Users can scan QR codes to instantly pay in crypto, with zero fees and real-time conversion to local currencies.
Bybit Pay supports 16 major cryptocurrencies and is designed for non-technical users.
Bybit Pay is the crypto payment solution offered by Bybit, a leading global crypto exchange with over 70 million global users. Bybit Pay enables anyone to send and receive payments using cryptocurrencies like Bitcoin (BTC), Ethereum (ETH) and Tether (USDT).
The mission behind Bybit Pay is simple: to make spending crypto as intuitive as traditional payment methods. Whether you’re shopping online or in person, Bybit Pay helps bridge the gap between Web2 payment systems and Web3 financial tools.
Bybit Pay is so much more than just a crypto wallet. It’s been designed to function as an all-in-one crypto payment platform to serve the needs of both individual users and merchants. Here’s how:
Local payment integration
Bybit Pay supports local payment systems through QR code scanning, allowing users to make real-world transactions using their crypto balances. You can scan merchant QR codes directly through the Bybit app and settle payments instantly.
Instant sending and receiving
With support for simplified payment codes and blockchain addresses, users can send and receive funds without the need for complex wallet setups. Payments are processed instantly thanks to Bybit’s efficient network integrations.
Auto-savings for idle crypto
The auto-savings feature allows you to earn passive income on idle crypto assets, turning your wallet into an interest-generating tool even while it’s ready for payments.
Multiple cryptocurrency support
Bybit Pay supports 16 leading cryptocurrencies, including:
BTC, ETH, USDT, USDC
SOL, BNB, XRP, MNT, TON and more
Fiat integration and zero fees
Bybit Pay offers real-time crypto-to-fiat conversions. Users can pay in crypto, and merchants receive fiat — instantly and with zero transaction fees, making it an attractive alternative to traditional credit card payments.
Bybit’s new partnership with AEON, a Web3 infrastructure provider, connects Bybit Pay with local QR code payment systems (VietQR in Vietnam and QR PH in the Philippines), allowing users to spend their crypto at thousands of physical and online stores.
AEON is a crypto payment solution provider that simplifies crypto payments across multiple major blockchains, including Ethereum, Solana, BNB Chain, Tron, Arbitrum and TON.
Through various products, like its crypto payment API, Web3 online and mobile payment and more, AEON connects crypto businesses and users with merchants in Southeast Asia, Africa and Latin America.
AEON is also pioneering a next-generation crypto payment framework designed for AI, enabling AI agents to autonomously search, purchase and pay through a robust infrastructure called AI Payment.
Viet QR enables customers in Vietnam to make mobile QR payments and is widely adopted by major Vietnamese banks and merchants, facilitating quick, cashless transactions.
Philippines QR (QR Ph) enables secure, fast and in-person digital payments via QR codes across various banks in the Philippines. It aims to unify fragmented QR payment services into a single, efficient platform.
AEON’s integration with these payment networks means that any merchant that accepts VietQR or QR PH payments can now receive crypto payments from Bybit Pay users via AEON.
Here’s how Bybit Pay users can benefit from the partnership between Bybit Pay and AEON:
Pay instantly in Vietnam or the Philippines with crypto:When you pay, your crypto is converted to fiat in real time and delivered to the merchant. No delays, no gas fees.
Seamless payments by scanning a QR code:Just scan the QR code of a local merchant and pay with Bybit Pay.
Wide accessibility:Use Bybit Pay at all merchants that support the widely available QR payment platforms VietQR (Vietnam) and QR PH (Philippines).
Broad support of crypto assets: Pay with the leading digital assets like USDT, USDC, BTC, ETH, BNB, XRP, TON and more with ease.
Here’s an easy step-by-step guide to making crypto payments in Vietnam using Bybit Pay and VietQR:
1. Set up Bybit Pay
Download the Bybit app from the iOS or Android store.
Log in or create an account.
Complete KYC verification to unlock Bybit Pay features.
2. Fund your account
Deposit cryptocurrency into your Bybit account.
Supported coins include BTC, ETH, USDT and USDC.
3. Navigate to Bybit Pay
Tap Pay from the homepage or use the Bybit Pay shortcut in the menu.
Select QR Pay.
4. Scan the merchant’s VietQR code
Scan the QR code displayed by any local merchant participating in VietQR.
Choose your crypto and confirm the amount.
5. Confirm and pay
Review the conversion rate and total payment amount.
Tap on Confirm.
The process is almost identical for users in the Philippines, with the same steps 1 through 3. The following steps differ:
4. Scan the QR PH code at the merchant
Look for the QR PH code at the merchant’s point-of-sale terminal.
Scan using the Bybit app.
5. Finalize the transaction
Check the final amount and currency.
Tap on Confirm.
Bybit Pay’s integration with AEON brings real-world crypto utility to millions of users across Vietnam and the Philippines. Crypto holders can now make payments with ease at numerous merchants country-wide through widely available national payment systems like VietQR and QR PH.
From now through Jun 30, any Bybit Pay users who travel to Vietnam and the Philippines have a chance to receive Bitcoin in cashback. Simply spend at least $5 at any local merchants that accept QR Ph or VietQR codes with Bybit Pay and claim your BTC airdrop. Register now!
Whether you’re shopping in Hanoi or Manila or dining in Halong Bay or Boracay, Bybit Pay allows you to spend crypto like cash — instantly, securely and fuss-free.
Get started with Bybit Pay today!
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